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Markets move marginally higher

Markets have opened in the green this morning, following cues from global peers. The Sensex has opened up 30 points at 18,641. Nifty is up 7 points at 5,667.

BSE realty index has gained 0.6% to 1,822 in early trades. Auto, consumer durables and bankex are also in the green. Meanwhile, selling pressure can be seen in IT shares, with the BSE IT index dropping 0.26% at 5,656.

Bharti Airtel has shed 1.7% at Rs 265. In a major setback to incumbent telecom operators Bharti Airtel, Vodafone, Idea Cellular, BSNL and MTNL, the Telecom Commission decided all spectrum given to operators in the 900-MHz band would be refarmed to the 1,800-MHz band at the time of renewal of licences, beginning 2014.

Sun Pharma, Jindal Steel, Infosys and Wipro have shed around half a per cent each. However, Tata Power has added 2% at Rs 106. ICICI Bank, Hindalco and Hero MotoCorp are up half a per cent each.


 

 

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